Company Overview of Santander Holdings USA, Inc.
Santander Holdings USA, Inc. operates as the holding company for Sovereign Bank, National Association that provides various banking services primarily in the northeastern United States. Its Retail Banking segment offers deposit instruments, including demand and interest bearing demand deposit accounts, money market and savings accounts, certificates of deposits, and retirement savings products; and consumer loans, such as home equity loans and line of credits. This segment also provides business banking and small business loans to individuals. The company’s Specialized Business segment offers indirect automobile, aviation, and continuing care retirement communities financing. Its Corporate B...
75 State Street
Boston, MA 02109
Founded in 1984
Key Executives for Santander Holdings USA, Inc.
Head of Technology and Operations
Market Chief Executive Officer of Southern New England Region
Chairman of New York City Regional Division
Compensation as of Fiscal Year 2013.
Santander Holdings USA, Inc. Key Developments
Santander Holdings USA, Inc. Offers to Purchase for Cash Any and All Of its Outstanding Sovereign Capital Trust IV 4.375% Trust PIERS
Dec 3 13
Santander Holdings USA, Inc. announced that it has commenced a fixed price cash tender offer for any and all Sovereign Capital Trust IV 4.375% Trust PIERS (Trust PIERS), with an aggregate liquidation amount outstanding of $476.5 million (CUSIP No. 846048205). The tender offer will expire at 11:59 p.m. (New York City time) on December 30, 2013, unless the tender offer is earlier terminated or extended. The tender offer is being made exclusively to holders of the Trust PIERS pursuant to an offer to purchase dated December 3, 2013 and a related letter of transmittal dated December 3, 2013, which sets forth the terms and conditions of the tender offer. SHUSA expects to redeem any and all of the outstanding Trust PIERS on or about January 30, 2014. This tender offer is therefore expected to be the sole means for holders of Trust PIERS to obtain compensation, pursuant to the Settlement Agreement dated November 23, 2012 between SHUSA and the trustee of the Trust PIERS, in connection with the disputed "Change of Control" under the indenture governing the Trust PIERS.
Santander Holdings USA, Inc. Declares Quarterly Dividend on Preferred Stock, Payable on November 15, 2013
Oct 16 13
Santander Holdings USA, Inc. announced that its Board of Directors declared a dividend on the company's Preferred Stock. A dividend payment of $0.45625 per depositary share is payable on November 15, 2013 to holders of record on November 1, 2013 for the SHUSA's Series C Non-Cumulative Perpetual Preferred Stock.
Santander Holdings Mulls Acquisitions
Aug 22 13
Santander Holdings USA, Inc. is seeking acquisition opportunities. Santander Holdings is offering senior notes. Santander Holdings currently intends to use the net proceeds for general corporate purposes, which may include the reduction of other indebtedness of Santander Holdings, possible acquisitions and/or repurchasing any securities of Santander Holdings.
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